OAKW501(c)(7) · MEDIUMNAICS 713910EIN 56-0585495
Oakwoods Country Club
Wilkesboro, NC · founded 1955
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$1.40M
▲ 6.4% YoY
FY24 Total Expenses
$1.35M
▼ 3.0% YoY
Operating Margin
3.4%
revenue minus expenses ÷ revenue
Employees
66
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$1.4M
▲ 17.8% / 5y
Expenses
$1.4M
▲ 16.0% / 5y
Total Assets
$1.0M
▲ 10.4% / 5y
Total Liabilities
$558K
▼ 8.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.4M | $1.4M | $1.3M | $1.4M | +17.8% |
| Expenses | $1.2M | $1.5M | $1.5M | $1.4M | $1.4M | +16.0% |
| Net surplus | $22K | -$32K | -$32K | -$79K | $48K | +118.5% |
| Total assets | $931K | $1.3M | $1.3M | $1.0M | $1.0M | +10.4% |
| Total liabilities | $612K | $781K | $781K | $617K | $558K | -8.8% |
| Net assets | $320K | $502K | $502K | $423K | $471K | +47.2% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (BILL BENNETT, BRADLEY LYON, CURTIS SMITHEY, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $791,122 |
| CART AND CLUB RENTAL FEES | $267,166 |
| FOOD AND BEVERAGE SALES | $184,850 |
| GREEN FEES AND RANGE FEES | $49,323 |
| FUNDRAISING | $46,220 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$652K
book value, net of depreciation
Facility age
82%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $43,730 |
| Depreciation & depletion | $38,748 |
| Information technology | $13,540 |
| Office expenses | $1,224 |
OFounded in 1955, Oakwoods Country Club reported $1.40M of revenue for FY24, at an operating margin of 3.4%. Revenue moved up 6.4% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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